Tesla announced that it will stop producing Model S and X to focus on the production of Optimus robots.

Foreign media: Elon Musk, CEO of Tesla, announced at an investor conference call that the company will stop producing the Model X and Model S models, and plans to gradually phase them out next quarter. The Model S and X factories located in Fremont, California will be converted to produce the Optimus robot.

Tesla's automotive revenue for 2025 decreased by 11%, and fourth-quarter deliveries fell by 16% year-over-year. Despite this, Tesla exceeded Wall Street expectations with a fourth-quarter earnings per share of $0.50, higher than the expected $0.45, and revenue of $24.9 billion, higher than the expected $24.79 billion.

Tesla also plans to start producing the Optimus by the end of 2026 and sell it to the public in 2027, while the company plans to invest $2 billion into the xAI company.

Original article: toutiao.com/article/1855620241231880/

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